Press release
Railway Management System Market worth CAGR of 15.2% | Major Player Are ALSTOM, Cisco Systems, Inc., GENERAL ELECTRIC, ABB, IBM Corporation
Global Railway Management System Market - Industry Trends and Forecast to 2024
The Global Railway Management System Market accounted for USD 30.3 billion in 2016 growing at a CAGR of 15.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The report for Railway Management System Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors
Some of the major players of the global railway management system market are:-
ALSTOM,
Cisco Systems, Inc.,
GENERAL ELECTRIC,
ABB,
IBM Corporation,
Hitachi, Ltd.,
Bombardier,
Huawei Technologies Co., Ltd.,
Indra,
Siemens AG,
Nokia,
Ansaldo STS,
DXC Technology Company
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Major Market Drivers and Restraints:
Adoption of IoT and automation technologies is expected to enhance optimization
High demographic growth and hyper-urbanization
Technological advancements
Government initiatives and the PPP model
Infrastructure saturation
High initial cost of deployment
Safety compliances
Complex interoperability
Market Segmentation
The global railway management system market is segmented on the basis of system and solution into rail operations management system, rail traffic management system, rail asset management system, rail control system, and rail maintenance management system.
The rail operations management system segment is further sub segmented into facility management solution, revenue management solution, ticketing management solution, workforce management solution, and rail automation management system.
The rail traffic management system segment is further sub segmented into intelligent signaling system, real-time train planning and route scheduling solution, centralized traffic control solution, and traffic analytics. The rail asset management system segment is further sub segmented into train information system, track monitoring solution, and asset performance analytics.
The rail control system segment is further sub segmented into PTC solution, CBTC solution, and integrated control system. The rail maintenance management system segment is further sub segmented into vehicle maintenance scheduling solution, and predictive analysis for maintenance management solution.
On the basis of service:- Professional services, and managed services. The professional services segment is further sub segmented into consulting services, system integration and deployment, and support and maintenance.
On the basis of geography:-
North America & South America,
Europe,
Asia-Pacific,
Middle East & Africa.
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